Nest Mineral Vault
NMNRL
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
NMNRL (Nest Mineral Vault) is an ERC-20 real-world asset (RWA) vault token designed to offer fractional exposure to US oil and gas mineral/royalty interests, deployed on Ethereum and Plume Network. The evaluation faced substantial data gaps across Active Development, Community Support, and Team & Governance, all of which returned insufficient verifiable data (-1.0) and were excluded from scoring. Security and Audit History scored 7.0/10 due to documented multi-firm audit coverage (Cantina in 2026, alongside inherited BoringVault audits by 0xMacro, Pashov, and Spearbit) and no record of smart contract exploits. However, Tokenomics (3.5/10) suffers from extreme centralization, lack of public vesting schedules, and no secondary liquidity. Crucially, Market and Use Case scored 1.0/10, revealing that the token is effectively defunct or abandoned in practice, with a circulating supply of just 5 tokens, an approximate $5.67 market cap, zero 24-hour trading volume, and removal from a sibling Nest vault due to asset underperformance.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Nest Mineral Vault (NMNRL)
Nest Mineral Vault (NMNRL) is an effectively deprecated real-world asset (RWA) vault token deployed on Ethereum and Plume Network. Built as part of the Nest protocol by the Plume team, NMNRL was designed to represent fractionalized interests in US oil and gas mineral and royalty assets. Its intended mechanism was to deliver passive commodity exposure through operator-managed distributions derived from monthly spot-price production sales.
The protocol's technical implementation is descended from the BoringVault design, with prior audits conducted by 0xMacro, Pashov, and Spearbit, while the Nest vault architecture received an audit from Cantina in 2026. Although no smart contract hacks or exploits have been recorded, the token's economic design exhibits centralization risks, including operator control over distributions, an absence of governance rights, and undisclosed vesting and minting parameters.
In secondary markets, NMNRL is practically defunct and experiences near-zero liquidity. Data records a circulating supply of just five tokens, a market capitalization of approximately $5.67, zero 24-hour trading volume, and a historical price crash exceeding 1,800,000%. Highlighting the asset's poor operational viability, the sibling Nest Alpha Vault removed its NMNRL exposure on February 25, 2026, citing asset underperformance.